CHUNG CHARITABLE FOUNDATION INC: Form 990PF, tax year 2021
View the entire original 990 at ProPublica ↗
- Organization
- CHUNG CHARITABLE FOUNDATION INC (EIN 77-0607988)
- Tax period
- 2021-01-01 to 2021-12-31
- Filed
- 2022-06-17
- IRS object ID
- 202241689349100804
- Schema version
- 2021v4.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990-PF
- Schedule B
- Accounting Fees Schedule
- Investments Corp Stock Schedule
- Other Liabilities Schedule
- Other Notes Loans Rcvbl Short Sch2
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2022-06-17T14:06:43-07:00 | ReturnTs |
| Tax Period End | 2021-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 330943985 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SOPHIA MC YANG & CO CPA | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 17534 VON KARMAN AVE | AddressLine1Txt |
| City | IRVINE | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 92614 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2021-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 770607988 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE CHUNG CHARITABLE FOUNDATION INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | CHUN | BusinessNameControlTxt |
| Phone | 9496608988 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1000 DOVE ST STE 300 | AddressLine1Txt |
| City | NEWPORT BEACH | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 92660 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | CHRISTINE CHUNG | PersonNm |
| Person Title | Vice President | PersonTitleTxt |
| Signature | 2022-06-17 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | CHRISTINE | PersonFirstNm |
| Person Last | CHUNG | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | SOPHIA YANG | PreparerPersonNm |
| PTIN | P01343930 | PTIN |
| Phone | 9496518080 | PhoneNum |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 2 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Federated Assurance Level | FAL1 | FederatedAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2021 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $3,229,242 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $1,600,000 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $102,273 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $102,273 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $59,272 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $59,272 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $151,454 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $609,501 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $151,454 | CapGainNetIncmNetInvstIncmAmt |
| Total Rev And Expnss | $1,912,999 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $312,999 | TotalNetInvstIncmAmt |
| Accounting Fees Rev And Expnss | $3,700 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Chrtbl Prps | $3,700 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $14,160 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $13,926 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $234 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $450 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $450 | TaxesNetInvstIncmAmt |
| Tot Opr Expenses Rev And Expnss | $18,310 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $14,376 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $3,934 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $174,400 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $174,400 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $192,710 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $14,376 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $178,334 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $1,720,289 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $298,623 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $1,526,776 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $2,576,690 | SavAndTempCashInvstEOYAmt |
| Other Nts And Loans Rcvbl | $1,300,000 | OtherNtsAndLoansRcvblAmt |
| Other Nts And Loans Rcvbl BOY | $1,270,000 | OtherNtsAndLoansRcvblBOYAmt |
| Other Nts And Loans Rcvbl EOY | $1,300,000 | OtherNtsAndLoansRcvblEOYAmt |
| Corporate Stock BOY | $2,088,477 | CorporateStockBOYAmt |
| Corporate Stock EOY | $2,728,853 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $3,229,242 | CorporateStockEOYFMVAmt |
| Total Assets BOY | $4,885,253 | TotalAssetsBOYAmt |
| Total Assets EOY | $6,605,543 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $3,229,242 | TotalAssetsEOYFMVAmt |
| Other Liabilities EOY | $1 | OtherLiabilitiesEOYAmt |
| Total Liabilities EOY | $1 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Retained Earning BOY | $4,885,253 | RetainedEarningBOYAmt |
| Retained Earning EOY | $6,605,542 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $4,885,253 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $6,605,542 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $4,885,253 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $6,605,543 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $4,885,253 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $1,720,289 | ExcessRevenueOverExpensesAmt |
| Subtotal | $6,605,542 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $6,605,542 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (13 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | AcquiredAcquiredDt | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|---|---|
| 160.000 BIOGEN INC | P | 2021-01-13 | 2021-06-30 | $55,356 | $42,750 | $12,606 | $12,606 |
| 175.000 BIOGEN INC | P | 2019-09-06 | 2021-06-30 | $60,545 | $39,452 | $21,093 | $21,093 |
| 555.000 JOHNSON & JOHNSON | P | 2019-10-16 | 2021-03-17 | $89,295 | $75,280 | $14,015 | $14,015 |
| 650.000 LOWES COS INC | P | 2019-10-16 | 2021-01-13 | $110,790 | $72,933 | $37,857 | $37,857 |
| 125.000 SCHWAB EMERGING MARKETS EQUITY ETF | P | 2019-02-01 | 2021-02-09 | $4,245 | $3,202 | $1,043 | $1,043 |
| 756.000 SCHWAB US AGGREGATE BOND ETF | P | 2019-10-16 | 2021-04-14 | $40,955 | $40,537 | $418 | $418 |
| 439.000 SCHWAB US LARGE CAP ETF | P | 2019-04-12 | 2021-01-13 | $40,667 | $30,464 | $10,203 | $10,203 |
| 349.000 SCHWAB US LARGE CAP ETF | P | 2019-03-01 | 2021-02-09 | $33,343 | $23,454 | $9,889 | $9,889 |
| 451.000 SCHWAB US LARGE CAP ETF | P | 2019-04-12 | 2021-02-09 | $43,088 | $31,297 | $11,791 | $11,791 |
| 3.000 SCHWAB US LARGE CAP ETF | P | 2019-03-01 | 2021-03-17 | $287 | $202 | $85 | $85 |
| 465.000 T ROWE PRICE GROUP | P | 2020-02-07 | 2021-10-14 | $91,395 | $63,968 | $27,427 | $27,427 |
| 1000.000 AT&T INC | P | 2012-10-24 | 2021-12-27 | $24,810 | $34,508 | -$9,698 | -$9,698 |
| Capital Gain Dividends | $14,725 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $151,454 | CapitalGainNetIncomeAmt |
| Net Short Term Capital Gain Loss | $12,606 | NetShortTermCapitalGainLossAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $4,151 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $4,151 | SubtotalAmt |
| Tax Based On Investment Income | $4,151 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $5,460 | EstimatedPlusOvpmtIncmTxAmt |
| Total Payments And Credits | $5,460 | TotalPaymentsAndCreditsAmt |
| Overpayment | $1,309 | OverpaymentAmt |
| Applied To ES Tax | $1,309 | AppliedToESTaxAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | false | LegislativePoliticalActyInd |
| More Than100 Spent | false | MoreThan100SpentInd |
| Form1120 POL Filed | false | Form1120POLFiledInd |
| Activities Not Previously Rpt | false | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | false | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | false | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (true) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (true) | AtLeast5000InAssetsInd |
| Org Report Or Register State | DE | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (true) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | false | PrivateOperatingFoundationInd |
| New Substantial Contributors | false | NewSubstantialContributorsInd |
| Own Controlled Entity | false | OwnControlledEntityInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (true) | ComplyWithPublicInspRqrInd |
| Website Address | N/A | WebsiteAddressTxt |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CHRISTINE CHUNG | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 9496608988 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1000 DOVE ST STE 300 | AddressLine1Txt |
| City | NEWPORT BEACH | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 926602850 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | false | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | false | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | false | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | false | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | false | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | false | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | false | PaymentToGovernmentOfficialInd |
| Acts Fail To Qlfy As Exceptions | false | ActsFailToQlfyAsExceptionsInd |
| Uncorrected Prior Acts | false | UncorrectedPriorActsInd |
| Undistributed Income PY | false | UndistributedIncomePYInd |
| Business Holdings | false | BusinessHoldingsInd |
| Jeopardy Investments | false | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | false | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | false | InfluenceLegislationInd |
| Influence Election | false | InfluenceElectionInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Noncharitable Purpose | false | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt |
|---|---|---|---|---|---|---|
| NELSON CHUNG | ||||||
| 1000 DOVE ST STE 300 | NEWPORT BEACH | CA | 926602850 | President | 1.00 | $0 |
| CHRISTINE CHUNG | ||||||
| 1000 DOVE ST STE 300 | NEWPORT BEACH | CA | 926602850 | Vice President | 1.00 | $0 |
| JENNIFER CHUNG | ||||||
| 1000 DOVE ST STE 300 | NEWPORT BEACH | CA | 926602850 | Vice President | 12.00 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Comp Of Hghst Pd Cntrct Or NONE | NONE | CompOfHghstPdCntrctOrNONETxt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $3,006,279 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $1,363,143 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $1,286,250 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $5,655,672 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Adjusted Total FMV Of Unused Ast | $5,655,672 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $84,835 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $5,570,837 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $278,542 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $278,542 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $4,151 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $4,151 | TotalTaxAmt |
| Distributable Before Adj | $274,391 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $274,391 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $274,391 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $178,334 | ExpensesAndContributionsAmt |
| Qualifying Distributions | $178,334 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $274,391 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $169,707 | UndistributedIncomePYAmt |
| Qualifying Distributions | $178,334 | QualifyingDistributionsAmt |
| Applied To Year1 | $169,707 | AppliedToYear1Amt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $8,627 | AppliedToCurrentYearAmt |
| Undistributed Income CY | $265,764 | UndistributedIncomeCYAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | NELSON CHUNG | ContributingManagerNm |
| Contributing Manager | CHRISTINE CHUNG | ContributingManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (17 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| FIDELITY CHARITABLE | |||||||
| PO BOX 770001 | CINCINNATI | OH | 45277 | NONE | PC | GENERAL & UNRESTRICTED | $130,000 |
| SOPHIE CHENG | |||||||
| 63 WINDINGWAY | IRVINE | CA | 92614 | NONE | I | SCHOLARSHIP | $2,500 |
| AMOS HEALTH HOPE | |||||||
| 3088 HABERLIEN RD | GIBSONIA | PA | 15044 | NONE | PC | GENERAL & UNRESTRICTED | $5,000 |
| CCLIFE | |||||||
| 670 BONDED PKWY | STREAMWOOD | IL | 60107 | NONE | PC | GENERAL AND UNRESTRICTED | $1,000 |
| BETHIA ACKERMAN | |||||||
| 36943 REGENCY PLANCE | PALMDALE | CA | 93552 | NONE | I | SCHOLARSHIP | $1,000 |
| SALLY CHENG | |||||||
| 63 WINDING WAY | IRVINE | CA | 92614 | NONE | I | SCHOLARSHIP | $500 |
| MARINERS CHRISTIAN SCHOOL | |||||||
| 300 FISCHER AVENUE | COSTA MESA | CA | 92626 | NONE | PC | GENERAL & UNRESTRICTED | $500 |
| LOGOS EVANGELICAL SEMINARY | |||||||
| 9358 TELSTAR AVE | EL MONTE | CA | 91731 | NONE | PC | GENERAL & UNRESTRICTED | $1,000 |
| ELIJAH WEN | |||||||
| 169 KENSINGTON PARK | IRVINE | CA | 92606 | NONE | I | SCHOLARSHIP | $10,000 |
| NINA NICOLE GONZALES | |||||||
| 376 SANTA ANA BARBARA | IRVINE | CA | 92606 | NONE | I | SCHOLARSHIP | $5,000 |
| PLEASANT VALLEY HISTORICAL SOCIETY | |||||||
| 720 LAS POSAS ROAD | CAMARILLO | CA | 93010 | NONE | PC | GENERAL & UNRESTRICTED | $100 |
| PENN UNIVERSITY OF PENNSYLVANIA | |||||||
| SUITE 300 2929 WALNUT STREET | PHILADELPHIA | PA | 19104 | NONE | PC | GENERAL & UNRESTRICTED | $2,000 |
| COLUMBIA UNIVERSITY | |||||||
| 622 WEST 113TH ST MAIL CODE 4524 | NEW YORK | NY | 10025 | NONE | PC | GENERAL & UNRESTRICTED | $2,000 |
| UNIVERSITY OF CALIFORNIA BERKELEY | |||||||
| 1995 UNIVERSITY AVENUE SUITE 400 | BERKELEY | CA | 94704 | NONE | PC | GENERAL & UNRESTRICTED | $2,000 |
| CAROLINA BRISENO | |||||||
| 17052 GREEN LN 3 | HUNTINGTON BEACH | CA | 92649 | NONE | I | SCHOLARSHIP | $5,000 |
| KAYLEN OCAMPO | |||||||
| 621 N NEGLEY AVE APT 1B | PITTSBURGH | PA | 15206 | NONE | I | SCHOLARSHIP | $5,000 |
| TVT COMMUNITY DAY SCHOOL | |||||||
| 5200 BONITA CANYON DR | IRVINE | CA | 92603 | NONE | PC | GENERAL & UNRESTRICTED | $1,800 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $174,400 | TotalGrantOrContriPdDurYrAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $102,273 | ExclusionAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $59,272 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $151,454 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $312,999 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $312,999 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | false | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | false | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | false | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | false | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | false | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | false | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | false | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | false | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | false | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | false | RelationshipsNonchrtblEOInd |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| General Rule | Yes (X) | GeneralRuleInd |
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | 1 | ContributorNum |
| Contributor Person | CHUNG NELSON P | ContributorPersonNm |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 8 HORIZON STREET | AddressLine1Txt |
| City | NEWPORT COAST | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 92657 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | $1,600,000 | TotalContributionsAmt |
| Person Contribution | Yes (X) | PersonContributionInd |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | TAX PREPARATION FEES | CategoryTxt |
| Amt | $3,700 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $3,700 | DisbursementsCharitablePrpsAmt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (35 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| 1000 AT & T INC COM | ||
| 40 HOVNANIAN ENTERPRISE INC CL A | $3,488 | $5,092 |
| 500 SPDR SER TR S&P HOMEBUILDERS ETF(XHB | $13,993 | $42,890 |
| 5000 BARRICK GOLD CORP COMN PV | $80,030 | $95,000 |
| 275 ARCONIC INC COM | $2,256 | $9,078 |
| 5926 SCHWAB US LARGE CAP ETF | $423,402 | $674,497 |
| 156.162 FIDELITY BLUE CHIP GROWTH | $17,187 | $28,674 |
| 175 BIOGEN INC | ||
| 555 JOHNSON & JOHNSON | ||
| 650 LOWES COMPANIES INC | ||
| 470 3M CO | $76,397 | $83,486 |
| 2725 SCHWAB EMERGING MARKETS EQUITY ETF | $69,768 | $80,715 |
| 1544 SCHWAB US AGGREGATE BOND ETF | $82,451 | $83,222 |
| 15170.5790 DOUBLELINE TOTAL RETURN BD FD | $163,054 | $157,774 |
| 2487.5620 RIVERNORTH DOUBLELINE ST RAT | ||
| 9075 SCHWAB INTERNATIONAL EQUITY ETF | $293,638 | $352,745 |
| 448 AUTO DATA PROCESSING | $59,453 | $110,468 |
| 374 CINTAS CORP | $60,884 | $165,746 |
| 378 FACEBOOK INC | ||
| 1746 INTEL CORP | $110,622 | $89,919 |
| 738 MEDTRONIC PLC | $73,972 | $76,346 |
| 400 STRYKER CORP | $57,284 | $106,968 |
| 103 T ROWE PRICE GROUP | $14,169 | $20,254 |
| 22951.806 LORD ABBETT SHORT DURATI | $96,284 | $95,250 |
| 5303.6420 RIVERNORTH DOUBLELINE ST R | $54,036 | $55,317 |
| 1100 HOWMET AEROSPACE INC COM | $17,212 | $35,013 |
| 4976 HANESBRANDS INC | $91,534 | $83,199 |
| 272 LOCKHEED MARTIN CORP | $96,319 | $96,672 |
| 378 META PLATFORMS INC | $78,500 | $127,140 |
| 178 REGENERON PHARMS INC | $99,228 | $112,411 |
| 516 SNAP ON INC | $88,256 | $111,136 |
| 800 ARK INNOVATION ETF | $92,152 | $75,672 |
| 1600 EMERGING MRKTS INTERNET & EC ETF | $97,704 | $68,640 |
| 4800 KRANESHARES CSI CHINA INTERNET ETF | $304,580 | $175,152 |
| 1035.168 SCHWAB US AGGREGATE BOND | $11,000 | $10,766 |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Rounding | Desc |
| EOY Book Value | $1 | EOYBookValueAmt |
Other Notes Loans Rcvbl Short Sch2 OtherNotesLoansRcvblShortSch2
Other Notes Loans Rcvbl Short OtherNotesLoansRcvblShortGrp (3 entries)
| Balance DueBalanceDueAmt |
|---|
| CALIFORNIA HIGHLAND ENTERPRISE |
| $600,000 |
| TORRANCE HOMES LLC |
| CREST HOME LLC |
| $700,000 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (3 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| DELAWARE AGENT ANNUAL FEE | $234 | $0 | $0 | $234 |
| INVESTMENT MANAGEMENT SERVICES | $13,801 | $13,801 | $0 | $0 |
| PROFESSIONAL SERVICE FEE | $125 | $125 | $0 | $0 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | FOREIGN TAX PAID ON DIVIDEND INCOME | CategoryTxt |
| Amt | $450 | Amt |
| Net Investment Income | $450 | NetInvestmentIncomeAmt |
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